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Why can't they sell equity? I live in a housing coop, and they do sell equity. I own 100 shares.
by luckylion 4y ago
Why can't they sell equity? I live in a housing coop, and they do sell equity. I own 100 shares.
- bombcar 4y agoThe amounts they need are high. They’re trying to get 1000 people to kick in $100 so they can get a multimillion dollar loan. Trying to get that is hard enough, getting them to kick in 3-4K each is nearly impossible, even if you can sell “shares”.
- Kalium 4y agoMy apologies, I can see I was not nearly specific enough. In addition to needing to sell a lot of equity to get enough money, coops generally cannot sell equity to outside parties through general-purpose capital markets to raise funds. Living in a housing coop, you can buy shares as a resident-owner. I would guess your coop does not have many investor-owners who own shares while not living in the housing coop. Does this clarify my point for you?